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that is reached before the end of the year. >> this morning, dick durbin didn't really want to get into specifics. you aren't hearing a lot of numbers from a lot of people, but did say he was encouraged. take a listen. >> if i sound bland and general at this point, it's exactly to the point he made. when the doors close and we sit down with revenue on one side, entitlements on the other, then we get specific and come up with a bipartisan plan. >> ryan, to susan's point of who is the president talking to, is this something to be hashed out between president obama and john boehner. >> i guess so. because dick durbin himself has been confusing in what he's been saying publicly. on sunday he said sure medicare and medicaid can be part of the discussion. today he's giving a speech where it should not be part of the conversation. there this morning he's saying once we get into a room, we can start talking about it. and there are ways that i think liberals would agree to do medicare and medicaid. you know, if you're tinkering on the supplier side like, you know, say medical device companies or something
or they'll have to cut a deal and ultimately stand up. >>> warren buffett, dick durbin, and eugene robinson, we'll be right back. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. that is the end... of carousel one. ...of carousel one. there's carousel two! all right! [ male announcer ] when you combine creamy velveeta with zesty rotel tomatoes and green chiles, you'll get a bowl of queso that makes even this get-together better. >>> look who's back. jake tapper's back. he's written a big book with a lot of words. it disturbs us. >> "the untold
. >> dick durbin says that as talks continue on the so-called fiscal cliff, democrats must be open to what he calls painful topics, including medicare and medicaid. he was at the center for american progress for about 45 minutes. >> good morning, everyone. thank you for being here. i am the president of the center for american progress. we are thrilled to have senator durbin here today to talk about his views on the fiscal cliff. as we engage in this debate, i wanted to lay out a few principles that are critical as washington becomes obsessed with this set of issues. the elections have consequences. at c.a.p., we have argued that the issues that are really framing the fiscal debate and fiscal cliff were ones that were litigated in the election context. the president did not have one set of conversations before november and a second set now. there was a thread going through the debate that the country was having and that thread was around having a balanced plan to address america's fiscal challenges. there are serious fiscal challenges that we do need long term -- deficit reduction -- that
dick durbin says medicare and medicaid are fair game in deficit negotiations, but insist social security should be left alone. >> social security does not add one penny to our debt, not a penny. it's a separate funded operation, and we can do things, and i believe we should now, smaller things, played out over the long term that gives it solvency. medicare is another story. only 12 years of solvency lie ahead if we do nothing. so those who say don't touch it, don't change it are ignoring the obvious. >> despite showing willingness for reform -- >> can we talk about that for a second? >> i don't want to repeat what you said. >> it's bull hockey. >> that's not what you said. >> this whole thing has been a complete farce for years. there's no trust fund. they raided that a long time ago. but the bigger point, i will because you know what? my heart has grown like the grinch's since thanksgiving. i have so much to be thankful for. >> it's been growing ever since election day, basically. >> so i'm going to be kind. first of all, senator durbin deserves respect on this front because he
is a cave caveat, senator dick durbin is taking a hard line approach. quote, we can't be so naive to believe that just taxing the rich will solve our problems and put everything on the table, repeat. everything on the table. and that's the left of center dick durbin. yesterday, t was taxes, today, there's entitlements, tte impasse continues as we countdown to that deadline. next case, china, clearly the number one world's polluter and criticizes us for not doing enough about climate change, a global carbon tax could be coming, are we going to have to pay? we'll talk to a leading environmentalist after the break and of course, we will have the opening belfour you next. bell for you next. >> all right, just a few seconds away from the opening bell. the futures suggest we're going be to be down nearly 40 points. of we have this fiscal cliff and it's a deadline, the tax increases and more huge spending cuts it seems like the two sides are on impasse it looks likes it's shifted to entitlement reform or cuts and no serious movements in the negotiations and check the big board, the opening trendd
democrats like rockefeller, dick durbin and others saying hey, we better not touch entitlements. mr. president, you better watch yourself because we won the election. let's focus on those taxes on the rich. let's deal with entitlement down the line. that scares me. that is unrealistic. it goes against what we heard the president of the united states say. >> dana: when it comes to the math, do the math, they have a good opportunity in front of them. >> we heard senator reid said when asked he couldn't name any of the cut the democrats are willing to offer in the fiscal cliff negotiations. he said, "we need to get credit for cuts previously made." this is today. the cut previously made. i'm scratching my head to figure out what cuts the democrats made prior that they want credit for. if they did make credit cuts why did we run up four more years in a row? start fresh right now. talk about cuts and then talk about how are we going to raise revenues. >> eric: what would -- >> dana: what would harry reid mean by that? get credit on cuts they made. on what? >> bob: that is a $60,000 quest
with dick durbin who came on the show because eric said, okay, we'll do deals on taxes, but you brought up capital gains tax, no. carried interest, no. raising the actual marginal rates, no, we don't want to do that yet when he left we got calls from democrats saying does he really want to make a deal? >> i got two yesterday that -- >> i got e-mails from democrats going wow, he sounds like he wants to make a deal. one senator said did he really mean what he said? considering that he said nothing, yeah, i guess so but it was the tone then yesterday dick durbin came on and we had to basically stop asking about medicare about three or four minutes in because it was nonsensical talking about creating new programs. but this is a guy that also supporting simpson bowles and let us know like eric, we'll make a deal and figure it out. >> both sides at various times tells you something about recent history. you think about where republicans were a year and a half ago, where their attitude was, no, we will not discuss revenues, not one penny, ever, ever, ever so for cantor to say, of course, we'll di
. i think we're done. >> after durbin speoke yesterda, if you're going to get a blueprint, he doesn't want entitlements be part of it for next year. >> it's the 1,000-point solution. maybe that will change their mind. durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen made a lot of sense. mass murderer about you doesn't mean he didn't make sense. >> blankfein, kent, mayer, roberts of comcast. is there anything these guys can say to change their tune? to get people -- >> we're just past thanksgiving. let's give it a little time. things can change. we've seen lots of back and forth. everybody is establishing their negotiating position. there's still a negotiation to come in some way. i'll take the optimistic view. >> maybe that's where they are starting from. >> a reset button? >> we have yet to get in there and see whether in fact there can be the ability to knock heads around and really figure something out here from the executive, the chief executive, that being the president and the leaders of both
for that in these negotiations that take place. >> senator durbin said he thinks that president obama won't include a deal - [inaudible] >> first of all, the debt ceiling. we would be foolish to work out something on stopping this from going over the cliff and then a month or six months later the republicans pull the same game as they did before and say we aren't going to agree to increasing the debt ceiling. i agree with the president. it has to be a package deal. what was your other question? [inaudible question] >> there are things we have already taken care of, the first of april and take a look at that stuff. that's not essential. [inaudible question] >> we can't do anything with the disaster aid package and i'm told it will be tomorrow or the next day. [inaudible question] >> republican, ok. you said what's holding it up? i said republicans. talk to the republicans. it's up to them. [inaudible question] >> i have said on a number of occasions the internet poker bill can move forward if we get 15, 17 republican votes. this stage, we have gotten none. >> you talked to the president over the weekend.
. and the numbers are staggering. as dick durbin pointed out recently when lyndon johnson was majority leader of the senate democratic majority leader of the senate. for six years, there was one filibuster. one filibuster. the last six years under republican leadership, there have been 380 filibusters in the senate. they filibuster everything including -- one of the most outrageous examples, republicans in the senate filibustered the james -- september 11th health and compensation act which would have provided healthcare for the heroes the first responders of september 11th. republicans filibustered that and prevented it from coming to a vote in the senate. so it doesn't matter good or bad if the democrat was for it, republicans filibustered it. and they did so by -- it was sort of like a -- a virtual filibuster. it is no longer the day when they bring in the cots and they make them actually speak. they just threaten to filibuster and that's all they have to do and it is just as effective and -- effectively blocks a measure at al
are testing them once again. >> you have a lot of destabilizing political news. you have senator durbin talking about hang-ups in the united states. you have the vote over in barcelona. there's a lot of self-inflicted political wounds the market is trying to price in. volatility will be a function of this political instability for at least a handful of weeks going into the first quarter of 2013. >> what was last week about? 400 points. great day on friday albeit shortened session, light volume. was that real? was it fake? what was your impression? >> a mismatch between fundame fundamenta fundamentals. you saw economic news out of the united states. corporate news wasn't bad. you saw news out of china which was improving. global growth story is okay. it's far from great. it's okay. you have europe in recession. germany continues to chug along at an okay level. on a mixed data environment when you get excesses of pricing, you get bouncebacks as well. >> given uncertainty over tax, would you be as inclined to be aggressive in what is a good month or preserve gains for the year? >> it depen
. enjoy l.a. we'll see you in a little bit. senator dick durbin a member of the boles-simpson commission and the so-called gang of eight lag out the progressive case for a bipartisan fiscal cliff deal. we'll bring you headlines as they happen. when we come back, men have a rep utation for hagting to shop. we'll tell you why they say men are the new women. back here after a break. suffer n 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to music downloads for purchasing prevacid24hr. prevent acid all day and all night for 24 hours with prevacid24hr. prevent acid all day and all night for 24 hours if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education
the democrats saying they don't want to see any entitlement reform. >> but durbin, where did he come from? >> that's what i mean. >> i'm trying to figure out -- trying to see his personal situation. where did he find religion all of a sudden? he's an obama ally and suddenly he's talking -- are you looking at all these things very specifically? looking at the fix and option action. you can tell from the market. >> the most aggravating thing is that we're sitting here talking about the government and what the market is going to do as a function of what the government does. if you look at the volatility markets, i think it's incredibly interesting. the market is being very rational. the vix is really a function of liquidity. liquidity in the system is incredibly stable. the markets are -- that will significantly drive higher levels, if you look at ted spreads and where bank funding is. that's the real significant spikes index, so you need to be careful to hedge your portfolios right now. but right now, the markets, the s&p markets are really pricing in a very range bound market through janua
Search Results 0 to 13 of about 14 (some duplicates have been removed)